Harbor Human Capital Factor US Small Cap ETF

Frequently Asked Questions About HAPS

What does HAPS invest in?

HAPS invests in small-cap US stocks perceived to possess strong human capital factors across 11 GICS sectors. From the Solactive GBS United States 2000 Index, HAPS targets the top-scoring human capital firms. This is based on the premise that happy and motivated employees can generate better outcomes. Selection begins with a proprietary scoring methodology that quantitatively measures the contribution of a companys corporate culture to its financial performance based on factors such as employee engagement and motivation, trust and transparency, point-of-view diversity, and compensation fairness. Utilized quantifiable metrics include human capital, behavioral, and data sciences. The portfolio is market-cap-weighted, with a 5% cap on each stock. To maintain sector weights of parent universe, adjustments are made by supplementing predetermined small-cap sector ETFs. The index reconstitutes annually. Prior to September 5, 2023, the ETF's name was Harbor Corporate Culture Small Cap ETF.

What is the expense ratio of HAPS?

Harbor Human Capital Factor US Small Cap ETF (HAPS) charges an expense ratio of 0.61%. This is the annual fee deducted from fund assets to cover management and operations.

How big is HAPS?

Harbor Human Capital Factor US Small Cap ETF (HAPS) manages $169.8M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.

Is HAPS actively managed or an index fund?

HAPS's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.

When was HAPS launched?

Harbor Human Capital Factor US Small Cap ETF (HAPS) launched in April 2023 and is managed by Harbor.

How has HAPS performed?

HAPS's total return — price change plus reinvested distributions — is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.